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elections, is thinking fast or has been over the past two weeks of the popularity threshold and angela merkel has been riding and both of their parties are dithering. the sbc slightly inching higher and the sdu inching lower and they're both losing ground in a grander scale. it's the small parties that are the winners, definitely the green wes a record high of over 13%. they're the ones that won the election and lost it for the cdu, not stoeshl democrats themselves. and the liberals, the sdp, many had counted them out and there was an expectation or there was a fear for some that they couldn't even make the century hurdle that you need to get into parliament. they beat that. about you also for the personality ratings and the criticism on a federal scale, but that was his home turf so there was a lot of sympathy vote going in there. the big parties will have to look carefully for coalition partners. the social democrats will try to align themselves with the green that might not be enough. the stronger the greens get, the more the social democrats usually lose and something similar you h
banks are putting in. we're through the u.s. elections, ahead of the debt ceiling debate. in some sense there isn't an immediate crisis. it's a question now whether ceos can get through the real economic fundamentals. in some ways we're betwiked and between, kelly. >> i like the scarf, ross. >> yeah. that's the point. look, there's plenty to come on our coverage today. let me recap some of the people we're going to be talking to. john lipinski, formerly of the imf. and hamish tyrwhitt, construction group out of australia. we saw rates dip a little today. suggesting there's room to cut rates. and the executive dean of peking university. we're more relaxed about china, more relaxed than three or four months ago. we'll get the inside there. all of that is coming up on today's "worldwide exchange." how are the markets looking? >> perfect. we'll check the markets in a second. i want to bring news out of the bank upon spain saying fourth quarter gdp was down 1.not -- 1.7% drop, it was .6 drop. pretty large. and 2012 gdp down 1.3%, down from a contraction of 0.4% in 2011. more difficult news f
have a president who has been re-elected who knows this will be the last time he or she will ever do this, and they typically have something on their minds they want to say and they figure they're going to take the moment to do it, but by and large they're all better served if they can keep these things shorter rather than longer. >> don, did you write a short one for clinton's second inaugural? >> president clinton's second inaugural was longer than his first. it didn't stretch on and on, but i think we would have liked -- >> was that his fault or your fault? >> no comment, no comment. we would have liked to have been able to have another day for another edit, but it was a good speech, and, again, you know, they have something to say. president clinton in that case was talking about the 21st century and the millennium that we were moving towards and how he wanted america to come back together. he invoked scripture to talk about being the repairer of the breach. he wanted americans to really pull together during a time of great opportunity. >> and, of course, that was what was really
spending sequester, you risk losing control of the house in the 2014 election. why? well, i know the democrats won't cut spending either, but i also know the conservative base of the republican party will stay home or walk away. and, frankly, coming out of your retreat in williamsburg, virginia, i didn't hear the key message of deep spending cuts, not the message that deep spending cuts will help grow the economy and help create jobs. . . but i did hear no budget, no pay, aimed at democratic senators but then deemed unconstitutional, and an extension of the debt ceiling for about three months which is okay. . it doesn't really go to the heart of the matter. we're going to have a report on this whole story in just a moment. . meanwhile, better news, the stock rally continues up 54 points on the dow, 161 points for the week. get this, a 35% gain in the broad s&p 500. . just since early october 2011. that's right. it's like a stealth rally. it keeps on moving. we'll talk to a leading investment ceo a bit later in the program. . first up, in williamsburg, virginia, today, house repub
a line in the sand and if the s&p dropped we would get pounded. sure enough it fell after the election and we did get pummeled. but what most impressed me was what she told us on november 20th, when everyone began to freak out at that moment, at that chicken little moment, when all the worrywarts were out in full force, she told us to stop worrying. the s&p was ready to rally. she sent me this, holy cow, this is out of sync with what we were thinking. at the time. the s&p is at 1387. now it is at 1492. in short, brodin nailed a 100 point move in the s&p in two months. what a great grab. look at that. she nailed that. i might not be a chartist, but the charts don't have emotions. they aren't about the fiscal cliff or the debt ceiling or the election. it is totally working this market. so i have to go back to the mathematical well. what can i tell you, we want to know what the queen thinks it could go next. take a look at this chart. the s&p said it would. and shortly thereafter she told us that the low was likely to be pivotal, as a key part of her methodology. you heard me talk about f
for office. they need money. you won't win an election if you are responsible for stopping even a week's worth of social security checks. there won't be any wrangling. pin the tail on the gop and despite the disfunction in the party, within the gop, it's vital donors not be turned off. that's what the business of politics is all about. the gop is no longer beholden to big corporations and is embracing and being supported by small businesses. enough. as someone who has been a small businessman all his life, started many businesses, let me say these articles are stupid and nonsensical. here is the dirty little secret of small business that all of us who tried our hand of starting a small business, i wish it would get into the media's conscious. small business needs big business to do well, if it's going to do well itself. big business hires, grows, puts people to work. small business caters locally to the big business. let me explain how local businesses would love to be as independent as some politicians seem to believe. we all know better. the inn i own in summit, new jersey. a bunch o
elections again? my pal and our special guest, joe scarborough, the anchor of msnbc "morning joe" is going to join us later. he and i will plot some republican reform. >> first up let's start with boeing. the faa has grounded the boeing 787 dreamliner in the u.s. pending a safeafet check of the plane's lithium batteries. united airlines has already announced it will comply with the order, they have no choice to do so. remember also boeing is a dow component and selling off in the aftermarket and remember this is all related to the recent spate of incidents on board the 787 both here and the united states and in japan. there's been fires in the cockpit on two occasions and fuel leaks as well. our phone phil lebeau will join us with this story. now back to the headline story, president obama called on congress to further restrict assault weapons and limit ammo magazines today. marking the broadest push for gun control in a generation we have cnbc eamon javers who is here to join us with the details. >> reporter: it was an emotional event over at the white house. the president flanked by smal
shifting to the government itself and the government is looking ahead to an election, as we talked about many, many times. and here becomes the tricky part because they're trying to embark on structural reforms, they're talking about tax reforms, as well. this will be a multi layered process and hopefully they'll be in power long enough to deliver some of those changes. i think the market was expecting for the bank of japan to come in .deliver everything that was going to solve all of japan's problems after decades of recession, then they were probably misguided. but for the moment, the reaction we're getting from people who were watching japan is they probably took as many steps as they could today to try and address this decision. >> kaori, stay with us. ed, welcome. you just heard a little bit of the back and forth. what's your own opinion here on what the boj has or hasn't delivered? >> good morning. thanks very much for having me on the show. my opinion is i completely agree with everything kaori said. even more than that, i would say to the viewing audience, look, this is the crame
to go forward. the chances of it going forward i think are small. he has to get re-elected in 2015 to propose the up or down vote in 2017. it does put a cloud over the u.k. and e.u. a bit. >> the u.s. view has been not to get involved in u.s. politics. the u.s. view is that -- involved in u.k. politics. the u.s. view that a strong u.k. and e.u. is good for the u.k., for europe and the united states. we'll let the brits sort out their politics internally. that overall view is one we've been thinking. >> this f they were to cede -- if they were to cede, what would that mean? >> i think it's not wise to speculate about what would happen if certain eventualities were occurring, were to occur. and as you say, it's too early to make predictions. >> let me ask you this -- i was at a dinner last night with a number of people you know well. our viewers know well. an off the record dinner. i will say the topic was does globalization still work. you know, this is a place that -- we're looking out where all you do is talk about globalization, people support globalization, what it means. is it
saying. we've got essentially five years -- this is david cameron wins the next election before we hit the referendum, it will make businesses consider their investment opportunities. is that fair or not? >> i think the overlying reality is the uncertainty of our potential future in europe comes from the democratic position in the uk and that's regardless is a fact today. people are uncertain about what the shape of the club that we now belong to? and is it the same one that we joined? but i think the democratic deficit or this oh a sigz of people is the underlying issue. so doing something about that by saying, let's get clear the shape of the eu we do want. what is the shape of that? that has to be about the single market, about a more competitive europe. and that is something that i think they can take back and say that's a good thing for britain. and so i think you have to move towards it because the uncertainty is there today and those businesses will reflect that, anyway. i don't think illustrate necessarily changes. >> have you seen any changes in terms of the economic landscape
the bell. look forward to that. breaking news on the israeli election with tyler. ? >> thank you very much. the early exit polls in israel indicate that benjamin netanyahu has won a third term as prime minister of that country. those terms have not been continuous or contiguous, i should say. he's projected to win though a center left party, a relatively new one, has made surprising gains according to news reports and that could make the coalition-building over there a little more tricky. right now the prediction is that benjamin netanyahu's likud party has won about 31 seat in the -- in the parliament and will take the lead in forming the government. netanyahu had called these elections in a way as a reflection of his policies on the west bank and settlements, the quelling of the uprising in gaza and, of course, israeli relations or lack of relations, i should say, with iran. many people and political observers there believe that this will then continue his relatively more hardline right-leaning policies on all of those three issues. netanyahu, according to exit polls, will once again be
over europe? cat lifts coming. the italian elections. you've got the debt coming to in spain. what's your sense of where europe goes? >> spain did a big deal yesterday. was wildly oversubscribed so there's a lot of progress being made. i think that we're going to continue to take those issues one at a time as they come down the road. we've got big elections coming later in the year in germany so i think the market will go from issue to issue here. >> so good to have you on the program. thanks very much. >> michael corbat, ceo at citi. bill, i'll send it back to you. >> look forward to maria's next interviews as well. that one is key right there. the first opportunity for investors to get a sense of the new guy at the helm. >> what he's all about. >> very important banking position. heading towards the close. 40 minutes left in the trading session, and the dow is up 54 points. another new five-year high could be in the offing. >> indeed it could. >> let's take a look at shares of the netflix because this stock is trading like it's at the height of the internet bubble with shares up
who are up for election in 2014 that are in states that value their guns, and i think that it's going to be very difficult. and i also think republicans are looking at other issues like violence in the movies, violence on these video games and that it's a culture thing that has to be talked about and a part of the debate as well as just always focusing on the limitation of guns. >> including mental health care and issues related to that. i want to get to the other side of the aisle here. i think this is complete disregard for the second amendment. this is like a bombshell. in fact i don't even think the white house will back this. >> i don't know whether the white house will back it. as a lawyer i don't think it violates the second amendment even under the heller decision which provides a more individual rather than collective right. the nature of the firearms has always been the question here. i take the senator's point that we may not see action on this in the short term. if you're asking me what is good policy, yes we keep grenades and military style weapons out of the hands of ind
. that is the message the president is taking to the public right now and with the recent election results behind him he is hoping to get republicans to bow and get out of the way of that in terms of trying to hold up a debt limit and let the economy take off. republicans are trying to figure out how do we get leverage to change the level of spending long term in the country? that is where the two sides are at odds in a very difficult way. >> right. finally a lot of chatter this morning about the portrait of the president always sort of encapsulates a moment in time. people either commenting on the degree to which he's gotten gray which happens to a lot of chief executives, but also some say, john, looking satisfied with a win in the last election. what is your take? >> i totally agree with that. he is grayer than he was but just as confident, some would say cocky and the picture captures that. this is a president who a lot of people thought because of the state of the economy wasn't going to win re-election. he did. he faced down the republican campaign and won it and now he is saying, hey. i'm on top
election results. this here is a liberal left manifesto and i think it attempts to sink the republican party. please don't forget free market capitalism. and the path to prosperity. i am larry kudlow. we will be right back. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> the question wasn't whether he would win, but which party would come in second. in order for the form a government he will have to come close to form a government. conventional wisdom says, if he forms a government israel will be close to negotiations again. former anchorman turned politician made statements saying he ran on a platform on mandatory military service. we ran the numbers larry. >> appreciate it. with the prime minister's party working with a weak er
with the congress and then in 2012 what he felt was vindication in the election, how that changes his approach to dealing with congress and dealing with the country. it's going to be interesting to see how successful he can be. >> yeah. yep, yep. we'll see. you know, i don't -- you just don't want to push an agenda too far if it was still a pretty close election, john. we'll see. but i don't feel like -- >> well, it was. >> i don't feel like a whole lot of unity was headed our way. this is like throwing down the gauntlet and -- >> i agree with you. he was. and one of the dangers for presidents is that they get a little too confident, a little too cocky. we'll see whether he is reaching a little bit further than he can grasp. now, i willsy that what house republicans did last week on the debt limit was a promising sign for him in the sense that -- and i think he took it that way, which is that they -- at his insistence, he came out after the election and said i'm not going to play that game on the debt limit. in the end, they have broken the link between spending cuts and -- at least in the sho
. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in hand as he goes into the budget talks. so does this final number that i want to run through, which is if the budget talk fails, the debt limit is not raised and if there are consequences for the united states not meeting its obligations, who would you blame? 45% say they would blame republicans in congress. only 33% say they would blame pb and democrats. the bully pull pit has some value. democrats have a better image with the american people than republicans do. but nobody has a great image right now. and when we asked people, joe, the recent budget talks in washington over the fiscal cliff do they make you feel more confident or less confident about economic recover
the elections, that al qaeda was on the run, that it was on its heels and it want true. libya has turned out to be a failure and so has north africa and they're both related. you know, there's big issues here and it about foreign policy and hopefully tomorrow in john kerrey's hearing before the senate foreign relations committee we'll get into that because the real issue is the date on obama foreign policies. >> thank you. phil mickelson, tiger woods, lebron jamgs and derek jeter, guess, what they're all supply siders. i'm going to try to explain that to you up next. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just t
. it puts him in a stronger position to win that election. >> yes, what a week he's having. thanks, simon. welcome back, simon hobbs. a check on energy and commodities. sharon brought us inventory numbers about 30 minutes ago. sharon? >> we're seeing reaction to that. let me tell you first what is happening in the metals market. we are seeing some technical selling here in gold and silver with gold below a key technical level, below 1675 an ounce and silver below $32 an ounce . some folks pointed to what is happening in washington for the pullback. but more traders say more technical selling below the key levels that they're watching. we're also looking at copper prices that are only positive metal here, positive in metal territory after that flash pmi data. continuing to watch to see if copper has more gains. but as you mentioned, it is oil that is definitely the story here of the last few minutes. and that is after the inventory report from the department of energy and the big surprise there, what traders are most focused on, is the fact that we saw a withdraw of supply from kushing, ok
for some of the uncertainties to subside. you know, we get through the election. they may or may not have liked it but at least it's certain now. the fiscal cliff was quote, unquote avoided. now we have the debt ceiling issue so there's some lessening uncertainty but still a lot of uncertainty. so, as we think about '13, i believe if we get some kind of just halfway reasonable leadership out of washington and deal with the debt issue and begin to deal with our fiscal deficits. >> right. >> i think, maria, you could see a real positive lift because people are ready to invest. they need to feel some kind of inspiration, and i think they are ready to invest. >> that's what we're hearing across the board. real quick, you going to raise your dividend this spring? >> well, as you know, we have to go through the process, and we have to wait to see what the fed says, but i'm optimistic. i can't speak for the fed but i'm personally optimistic. >> we'll leave it there. mr. king, good to have you on the program. >> have a good day. >> and to you. chairman and ceo of bb&t. didn't hold on to the tripl
been weakening which is helping your exporters. the biggest election day of last year was december 16th. you had president barack obama, putin, francois hollande and pena in mexico. shinzo abe in japan, december 16th, going to weaken the yen and restructure there, and we think japan has legs, maria. >> right. >> so you want to get exposure, big exporters, automobile companies, electronics. >> japan exporters are on fire and that's why that fund has been really increasing. >> you look at a chart, maria, goes straight up. >> hey, josh, you like health care stocks, too, at this level, don't you? >> we've been extremely bullish on health care since the early part of last-year, and there was absolutely nothing in the data, terk call or fundamental that tells us we should change our mind. one name to highlight is pfizer. they are about to spin off their animal health unit. if you know the data on how spinoffs typically perform, parent and child, you'll want to pay extra special attention to the timing of this deal, because i've got to tell you, i think it will be unlike a lot of value. i thin
that they have the short end of the stick in terms of bargaining power with the president who has just been re-elected and with congress as our new nbc/"wall street journal" poll showed is only at a 14% approval. he's at 52%. here's what the house republicans are going to put on the floor next week and try to pass. it would be an extension of the debt limit, a rise in the debt loimt that would take us through april the 15th. it would be on condition that the house and senate both passion a budget which they are supposed to do under law by that point anyway, and finally it would take an approach of no budget, no pay if the congress refused to do that. here's the response from senate democrats. they said, no, we will consider a clean debt limit extension without any conditions if the house sends us one, so they are trying to keep the pressure on. the white house says we're encouraged that republicans appear to be backing off their determination to hold the u.s. economy hostage to its budget plans. now, democrats are feeling like they are making progress now. the question is going to be can republicans p
confidence coming back after the election? and some of the bigger guys coming in maybe looking for some construction loans, commercial loans that you can make a ton of money on in the second half of 2013? >> well, we saw pretty good loan growth in the course of 2012, pipelines because we had strong closings in the fourth quarter are down a little bit as we transition into the year. i would say that we haven't -- have not seen a big pick-up in confidence in the marketplace. you're correct and we got through the fiscal cliff, but we've got a number of different things, whether it be the debt ceiling, the sequester, the continuing resolution in d.c. that are on the surface. our sense is customers are gaining confidence, they're willing to make marginal investments, but they're going to be very measured steps and they're going to be reflective of a loan environment that's commensurate with a 2% to 3% growth economy. given that we think we'll get our fair share, we'll put some very profitable relationships long-term high-quality relationships on the balance sheet, and at the e of the -- this
, you know, when it comes to this debt ceiling issue, or it comes to who's going to be elected, or health care issues or what have you. how is that -- how do you put that in to your investing hat? >> well, everything is a transaction, and it won't have an effect on prices, in any event, unless it has an effect on a transaction. so what i do is i know who the buyers and the sellers are. and then by thinking that through, i think how will it have an effect on transactions. far more important than, over the long term, the leader of a country will have some effect on the whole overall health of the economy. but even -- they can't even res. they're, you know, it's a very difficult challenge. the whole political system. you could be president of the united states and it doesn't mean you can change policy. then, if policy changes, it has to basically change the things that produce -- have an effect on productivity. it's something that's peripheral largely. like, for example, a bigger issue is how does financial transactions work such as if you lower interest rate, and you have nothing
of the certainty that comes from putting a presidential election and a tax fight behind us. plus, the warring political parties seem to have -- it does seem like a truce at hand deferring a ridiculous and harmful government shutdown. throwing a huge turn in china that converts believers every day along with stabilization of europe and multinational companies have at last powered higher. all that good news in the jobs it creates are causing a radical revision in what we're willing to pay for future earnings. that's right, the price to earnings multiple, the ratio of how much we'll pay for the profits companies are going to have down the road is headed north and therefore so are the stock prices. we're willing to pay up because of the prospect that things are, indeed better. let me show you what i mean. let's take the transports. they've been scorching, scorching despite the index being home, beating down trucking companies, worldwide freight plays, and the railroads -- which were just annihilated by an historic decline in the most important cargo, coal. what's happening now if the economy's ge
on the other hand, if you look at the election and fact that a majority of the american public want to see taxes raised on the wealthy and indeed that has happened, you wonder whether or not the attorneys don't have a point. >> you know, it is a novel argument. there is precedent in a legal system for sp kind of prejudice against the defendant and what they are arguing here is that this prejudice wasn't race based or any other gender base. what we usually hear, it is class based. if you look at the media coverage leading up to and during the trial there was a lot of focus on his wealth and jurors were aware of that. they may have an arg a upt here, but it'll be a tough one to prove. >> yes, indeed it will. i know you will follow it for us. thanks, robert. >>> we want to let you know that white house is weighing in on the fact that white house just voted and it welcomes the passage of the debt ceiling suspension but repeats its feeling that it would like to see a long-term extension of the debt ceiling. >>> well, if you have an idea and you would like some big money behind it, don't move. w
before the election. >> i'm gonna ensure that our space program doesn't suffer when the shuttle goes out of service by making sure that all those who work in the space industry in florida do not lose their jobs when the shuttle is retired, because we can't afford to lose their expertise. >> well, we were lied to when obama came through. gave us a lot of hope and supposedly a lot of change. well, i've got change in my pocket, but the hope is gone. >> in 2010, president obama cancelled constellation and turned over development of a new spaceship to private enterprise. then congress dealt another blow by cutting the funding for the obama plan in half. now the workers with that expertise mr. obama referred to are setting course for carole bess. >> and i've had several who've told me, "i was considering suicide before i came to you." >> carole bess is a bankruptcy attorney. what drove them to that point? >> they felt like failures. you know, "here i am. i can't pay my debts. and i'm probably worth more dead than alive if i have life insurance." >> and folks either aren't finding work or, if t
it's discouraging a lot of good people. campaign finance reform, how we elect and re-elect public officials has got to be part of the solution to the dysfunctionalty we see in washington in -- >> in the meantime, enjoy the weather. back to you. >> simon, thanks so much. >>> couple of positive notes from analysts pushing facebook sharply higher today. our julia boorstin is live in l.a. with the details. >> good morning to you. that's right. facebook shares were up as much as 4% higher this morning. there seems to be a growing consensus that facebook will figure out the mobile ad business. oppenheimer notes that it's not hurting user engagement pointing to numbers from december that show facebook growing its lead over its rivals. also bouncing off those numbers, cantor fitzgerald reiterated the buy rating, making more money on mobile and on optimism about the new ad formats. hillside partners unveiled some new research showing growth in users as well as small business spending on facebook ads. and topeka raised the price target to 40 bucks saying that facebook's new graph search, qu
easier than when you're trying the win midterm elections. >> the first report on january consumer sentiment is out at 9:55 a.m. eastern. forecasts call for a reading of 75.5 up three points from december. we'll look at earnings from general electric, morgan stanley, schlumberger, johnson controls, state street and suntrust bank. >>> the outgoing treasury secretary, whose last day on the job is january 25th, tells "the wall street journal" the u.s. is well ahead of other countries in balancing the financial system. geithner says the u.s. has more diversity of strength from energy to high tech and the public should find comfort and optimism in that. but, rob, the public is not finding much optimism, are they? >> they shouldn't, given that we didn't get the fiscal cliff deal that we thought we did on january 1st. we got a mini deal. it looks like rubbish. they shouldn't be desperately optimistic. other things are going right. stock prices have been reasonably buoyant. the gas prices are going to pick up again. consumer sentiment, i wouldn't be getting too carried away. >> do you agre
. >> in no doubt about it. in terms of europe. you have the election in italy, bonds due, interest on the bonds due in spain. do these represent hiccups do you think? >> i think they're just challenges or marks in the journey. look at what the progress has been in europe. the progress with the fiscal constraint in portugal, in ireland, in spain. the role monti has played in italy and the leadership he's given that country. the steadfastness of merkel in germany. the fiscal restraint in the uk. all of these are saying we get it collectively. we need to show restraint, but we need to restructure at a pace our societies can absorb so we're going to have a continued series of steps. there's no big bang answer. >> speaking of the u.s. for a moment, a number of banks are getting out of fixed income. you're sticking with it. why? even though we've seen a big drop-off in fixed income and equities have been the place to be in terms of flow. >> yeah. honestly, there are very few if you really peel it back, there are very few that are actually exiting fixed income. what a lot of them are doing is bringing dow
Search Results 0 to 33 of about 34 (some duplicates have been removed)

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